Not less enterprising is the Prince of Fizen, in whose principality the well-known port of Nagasaki is situated. The foundery, with its steam hammer and other appliances, for his navy, consisting of several steamers purchased from foreigners, is a striking object in that beautiful harbor. He is in favor of intercourse with foreigners; we read of his assembling his vassals like a baron of olden time, and taking their opinions, and that of his officers, on the question of admitting foreigners, and informing his suzerain of their acquiescence. Stimulated by the example of these two princes, other nobles are desirous of acquiring power by adopting improvements from abroad. It has been stated that applications have been made for sixty steamers. A Dutch mercantile paper lately published a list of twenty steamers in course of construction for the Japanese. As American steamers have been found best adapted for the Chinese waters, we ought to construct more for our Japanese neighbors than we have yet done. The British Government demands an indemnity for the families of the slain--L5,000 for each sentry, and L10,000 for Mr. Richardson, and the punishment of the murderers. As the validity of the treaties has been questioned, Japanese having recently in several instances taken the position that the tycoon had no authority to make them, it has been proposed that Miako should be visited and the mikado compelled to ratify it; and as the Prince of Satzuma is responsible for the latest murder, it has been proposed that Kagosima should be bombarded, and that his fief, the Loo Choo Islands, should be held as a material guarantee for the fulfilment of his (the tycoon's) and the mikados' obligations. Some British journalists have maintained that as the expense of a war, from the courage of the people and the appliances of the rulers, would be great, as the trade is of small value, and as the Japanese have right on their side in resisting the encroachments of foreigners, it is advisable, after obtaining due reparation, to withdraw from the country altogether:--a proposition little in accordance with Britain's antecedents; such a relinquishment of purpose would occasion a loss of prestige which would jeopardize her sway from Hong Kong to Bombay. The response made to the proposition to retire from the country is that it would not only be ignominious, but perilous to their interests in the far East, which are now in jeopardy from the 'encroachments of Russia, the diplomacy, not always honest and aboveboard, of America, and the ambitious policy of France.'